Rockwell Automation, Inc. (NYSE:ROK) Stock Position Raised by Triangle Securities Wealth Management

Triangle Securities Wealth Management lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,265 shares of the industrial products company’s stock after acquiring an additional 901 shares during the quarter. Triangle Securities Wealth Management’s holdings in Rockwell Automation were worth $1,099,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MinichMacGregor Wealth Management LLC bought a new stake in shares of Rockwell Automation during the 4th quarter worth $27,000. Neo Ivy Capital Management bought a new stake in shares of Rockwell Automation during the 2nd quarter worth $29,000. BDO Wealth Advisors LLC boosted its stake in shares of Rockwell Automation by 103.8% during the 3rd quarter. BDO Wealth Advisors LLC now owns 163 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 83 shares in the last quarter. Money Concepts Capital Corp boosted its position in shares of Rockwell Automation by 1,445.5% in the third quarter. Money Concepts Capital Corp now owns 170 shares of the industrial products company’s stock worth $37,000 after buying an additional 159 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Rockwell Automation in the second quarter worth $39,000. 77.66% of the stock is owned by institutional investors.

Rockwell Automation Stock Down 3.3 %

NYSE ROK traded down $9.31 during trading on Friday, hitting $272.71. 1,274,460 shares of the company traded hands, compared to its average volume of 717,330. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $309.36. The business has a fifty day simple moving average of $286.98 and a 200 day simple moving average of $261.35. The company has a current ratio of 1.03, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $31.30 billion, a P/E ratio of 29.55, a PEG ratio of 2.71 and a beta of 1.44.

Rockwell Automation (NYSE:ROK – Get Rating) last posted its earnings results on Thursday, January 26th. The industrial products company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.65. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. Rockwell Automation had a return on equity of 38.70% and a net margin of 13.63%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $2.14 earnings per share. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 11.22 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 21st were given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Friday, February 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.14%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Bank of America cut Rockwell Automation from a “buy” rating to a “neutral” rating in a research report on Monday, December 12th. Citigroup raised their target price on Rockwell Automation from $297.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Loop Capital raised their target price on Rockwell Automation from $258.00 to $285.00 in a research report on Tuesday, January 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $335.00 target price on shares of Rockwell Automation in a research report on Tuesday, February 14th. Finally, Barclays increased their price objective on Rockwell Automation from $220.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, January 27th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $263.24.

Insider Buying and Selling

In related news, CFO Nicholas C. Gangestad sold 1,975 shares of Rockwell Automation stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $294.25, for a total transaction of $581,143.75. Following the sale, the chief financial officer now directly owns 7,757 shares of the company’s stock, valued at $2,282,497.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Nicholas C. Gangestad sold 1,975 shares of Rockwell Automation stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $294.25, for a total transaction of $581,143.75. Following the sale, the chief financial officer now directly owns 7,757 shares of the company’s stock, valued at $2,282,497.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Scott Genereux sold 943 shares of Rockwell Automation stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $286.05, for a total value of $269,745.15. Following the sale, the vice president now directly owns 3,876 shares in the company, valued at $1,108,729.80. The disclosure for this sale can be found here. Insiders have sold a total of 10,730 shares of company stock valued at $3,112,032 over the last three months. 0.64% of the stock is owned by corporate insiders.

About Rockwell Automation

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Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment combines a comprehensive portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.